Great-West Lifeco Inc. (TSE:GWO) Senior Officer David Martin Harney Sells 562 Shares

Great-West Lifeco Inc. (TSE:GWO) Senior Officer David Martin Harney sold 562 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of C$47.55, for a total value of C$26,721.58.

Great-West Lifeco Stock Performance

GWO stock opened at C$47.05 on Friday. The company has a quick ratio of 22.18, a current ratio of 37.46 and a debt-to-equity ratio of 29.61. The business’s fifty day simple moving average is C$48.16 and its two-hundred day simple moving average is C$44.81. Great-West Lifeco Inc. has a twelve month low of C$38.44 and a twelve month high of C$50.99. The firm has a market cap of C$43.86 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 2.26 and a beta of 0.84.

Great-West Lifeco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a $0.555 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.22 dividend on an annualized basis and a yield of 4.72%. Great-West Lifeco’s payout ratio is 55.78%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GWO. CIBC increased their target price on Great-West Lifeco from C$51.00 to C$55.00 in a research report on Friday, November 8th. Scotiabank increased their target price on Great-West Lifeco from C$44.00 to C$50.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Barclays increased their target price on Great-West Lifeco from C$43.00 to C$45.00 in a research report on Friday, November 8th. Royal Bank of Canada increased their target price on Great-West Lifeco from C$47.00 to C$51.00 in a research report on Friday, November 8th. Finally, Jefferies Financial Group increased their target price on Great-West Lifeco from C$42.00 to C$48.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Great-West Lifeco currently has an average rating of “Hold” and an average target price of C$47.63.

Great-West Lifeco Company Profile

Great-West Lifeco Inc engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers life, accidental death and dismemberment, disability, critical illness, health and dental protection, and creditor insurance products; and retirement and wealth savings, income and annuity products, and other specialty products to individuals, families, businesses, and organizations.